Someone may be lucky enough to win the jackpot and even if they don’t actually take home $1.4 billion, they will become incredibly rich in a matter of moments.
Billionaire Mark Cuban has some tips for potential lottery winners, and he shared the advice below;
Mark Cuban also shared one last bonus tip with The Chronicled: "Be nice. No one likes a mean billionaire. :)”
- The first thing you should do is] hire a tax attorney.
- Don’t take the lump sum. You don’t want to blow it all in one spot.
- If you weren’t happy yesterday, you won’t be happy tomorrow. It’s money. It’s not happiness.
- If you were happy yesterday, you are going to be a lot happier tomorrow. It’s money. Life gets easier when you don’t have to worry about the bills.
- Tell all your friends and relatives no. They will ask. Tell them no. If you are close to them, you already know who needs help and what they need. Feel free to help SOME, but talk to your accountant before you do anything and remember this, no one needs $1 million for anything. No one needs $100,000 for anything. Anyone who asks is not your friend.
- You don’t become a smart investor when you win the lottery. Don’t make investments. You can put it in the bank and live comfortably. Forever. You will sleep a lot better knowing you won’t lose money.
The 3rd and 4th tip stood out for me. Most people always think with more money comes more happiness, but they are wrong. Money is Money. Happiness is happiness.
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